One of the most popular citizenships programmes in the world, offering visa-free travel to 154 countries.
Grenada is an island country in the West Indies. Famous for its spice trading business, Grenada is often referred to as the Island of Spice.
The country is also known for its unspoiled natural beauty. This includes white sandy beaches, lush rainforests, majestic waterfalls, historic forts, botanical gardens and coral reefs with the world’s first underwater sculpture park.
Grenada also offers a stable government and currency and a strong tourism industry.
The government launched the Grenada Citizenship by Investment Programme in August 2013 to drive the country’s economic growth through foreign investments.
The Grenada Citizenship by Investment Programme attracts investors from all over the world who wish to increase their family’s global mobility and have the security of a second citizenship.
From as little as $235,000, investors can receive a Grenadian passport and a wide array of benefits. Passport holders are granted visa-free access to over 140 countries, including the Schengen Area, the UK, Hong Kong and more.
Make a non-refundable contribution to the National Transformation Fund (NTF).
The NTF was established when the CBI programme launched in 2013. The aim of the NTF is to assist in boosting the economy of the country. Both the contribution and government fees are payable only once citizenship is approved.
The minimum contribution to the NTF is $235,000 for a Single Applicant for a family of up to 4. Further costs of additional dependents apply of $25,000/$50,000 on a per-person basis. An additional cost of $75,000 is applied when adding a sibling.
Other costs, such as application fees and due diligence fees, also apply.
Investment into a government approved real estate project with a minimum investment amount of $270,000. An additional minimum non-refundable contribution of $50,000 applies.
Investors also have the opportunity to re-sell their investment through the scheme after a mandatory holding period, which is between 3 to 7 years depending on the project, without affecting their citizenship status.
To be eligible for the Grenada Citizenship by Investment Programme, the primary applicant requirements are:
Family members can be included in the application. The principal investor can include:
Applicants do not need to live or visit Grenada to obtain and keep their citizenship at any stage and do not need to pass any interviews.
The Grenada Citizenship by Investment Programme offers applicants access to an attractive tax regime. For non-tax residents, there are no capital gains, inheritance tax, income tax, or wealth tax on worldwide income or assets in Grenada. Be aware that some local tax measures may apply.